Real Estate update: Ballard vacancy rate higher than neighbors; hottest neighborhood list crowns First Hill

GeekWire’s Nat Levy reports that tech-powered real estate brokerage Redfin predicts that Seattle’s housing market will stay hot this year, particularly in the First Hill neighborhood just east of downtown.

First Hill sits atop a new list predicting the 10 hottest neighborhoods for home sales for the rest of 2017. Redfin makes its predictions by examining recent growth in listing page views and favorites on its site.

Looking back at the first half of the year, no Seattle area neighborhoods landed among the top 10 hottest in the country. But that hasn’t stopped the momentum of the region as a whole, which has been the nation’s hottest housing market for months.

North Seattle Quarterly, associated with Neil Walter Company, have added their 2017 2nd Quarter findings with a current look at the commercial real estate market in Ballard, Fremont, and Interbay.

According to their data, the outlook on the real estate market hasn’t changed. Industrial market statistics, provided by North Seattle Quarterly, show a high mean commercial real estate average, and Ballard and Queen Anne as having the highest vacancy rate compared with nearby areas, Magnolia and Greenwood/Fremont.

 


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